January 2013

NBC News reported that one in three Americans are using their 401(k) retirement assets to pay current living expenses. While that is an expected event coming right after the worst recession in modern history, that news, along with the following comment, miss the most important—and politically incorrect point in the

The financial sector which has the most contact with the investing public–the mutual fund industry–has largely evaded pressures to reform.

This is a serious omission since the $3 trillion mutual fund industry plays a critical role in determining the financial well-being of millions of Americans. The industry’s problems, ranging from conflicts of interest to lack of transparency, affect retirement planning and the ability to build secure financial futures for millions of investors.read more...